Miners drag Aussie shares lower as gold price whipsaws
Miners and energy stocks have dragged the Australian market lower amid precious metals volatility. -AAP Image
Australia's share market has traded lower, with miners and energy stocks tumbling as commodity price volatility continues.
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The S&P/ASX200 fell 38.6 points on Thursday, down 0.43 per cent, to 8,889.2, as the broader All Ordinaries lost 49.7 points, or 0.54 per cent, to 9,154.9.
Only three segments ended the day lower, but a more than three per cent slump in raw materials weighed heavily following an aftershock from the weekend's gold sell-off, dragging down ASX-listed miners.
The energy sector slipped 1.3 per cent, but with oil prices relatively steady ahead of US-Iran nuclear talks planned for Friday, it was uranium producers falling behind after a major US chipmaker's outlook raised questions about AI demand.
The Australian dollar is buying 69.71 US cents, down from 70.29 US cents on Wednesday at 5pm.
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